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1.04 Study Stuck
Business Essentials
| Term | Definition |
|---|---|
| Authority | The formally granted influence of an individual to make decisions pursue, goals and obtain the recourses necessary to support those decisions and goals |
| Chain of command | The flow of authority within an organization |
| Departmentalized | The way departments are defined and arranged |
| Division of labor | The process of dividing a large job into units , or task , and assigning an individual to do each of the tasks |
| Divisional structure | An organizational design in which firm is broken down into units according to factors such as product, process, territory, customer type, etc. |
| Functional structure | An organizational design in which firm is broken into traditional departments, each wit its own set of responsibilities and activities ( marketing, operations , sales , IT, etc.. ) |
| Matrix structure | An organizational design that combines the traditional functional structure with divisional structure |
| Organizational chart | A graphical representation of the flow of authority within the organization |
| Organizational structure | The company's Configuration of employees for accomplishing specific business task; how the business is organized |
| Organizing | The management function of setting up the way the business work will be done |
| Scalar principle | Creating authority that flows in clear; continuous line |
| Span control | The measurement of how many workers are supervised by one manager |
| Specialization | An employees narrow focus on one task area of expertise |
| Unity of command | A principle that states that no employee should answer to more than one supervisor |